Rapidly Expanding Decentralized Applications in the Sonic Realm: Euler, Stability, and Shadow
The Sonic network, formerly known as Fantom, has seen a remarkable surge in its DeFi (Decentralised Finance) activity, with its total value locked (TVL) surpassing $2 billion by mid-2025. This growth reflects the increasing user activity and liquidity aggregation on the network, benefiting fast-growing DeFi apps such as Euler, Stability, and Shadow.
Euler, Stability, and Shadow: The Fastest Growing DeFi Apps on Sonic
Among the DeFi applications on Sonic, Euler, Stability, and Shadow are notable for their rapid growth. While specific detailed TVL statistics or growth percentages for each individual app on Sonic are not explicitly available, the general context indicates strong recent growth trends for Sonic DeFi overall.
Euler, a multi-chain lending protocol, integrated with Sonic at the beginning of February 2025. Since then, Euler's TVL on Sonic has surged from zero to over $17 million within less than two weeks, making it the seventh-largest app on the network. This surge has propelled Euler to become the first DeFi protocol on Sonic to reach a TVL of $100 million, marking a 1,000% increase in the past month.
Stability, a Sonic-based liquidity management app, has seen its TVL surge nearly 3,000% in the past week, reaching a record $13.4 million. Stability users can deposit certain tokens in vaults that pay generous annual percentage rate (APR) figures, some of which can go above 200%. Over 95% of total deposits on Sonic's app are made up of Sonic's native S token, both staked S and wrapped S.
Shadow, now the largest decentralised exchange on Sonic, surpassing SwapX and ICHI, has also seen significant growth. As of February 19, 2025, Sonic's TVL had crossed the $500 million mark, and the next day it reached $600 million. On Wednesday, trading volume on Shadow Exchange Legacy, a part of Shadow's ecosystem, reached a record $4 million. Shadow's ecosystem includes Shadow Exchange CLMM, a fork of Uniswap v3, and Shadow Exchange Legacy, forked from Solidly.
A Favorable Outlook for Sonic DeFi
The Sonic network's TVL growth is part of a broader positive DeFi market environment, with some protocols experiencing double-digit TVL increases weekly elsewhere. This suggests a favorable outlook for Sonic’s emerging DeFi projects too. The Sonic network's predictable and stable gas fees mechanism, which reduces transaction cost volatility and enhances scalability, has contributed to an enhanced user experience and developer confidence, supporting rapid adoption of its DeFi apps.
For up-to-date individual app TVL, consulting Sonic-focused DeFi analytics platforms or DefiLlama’s Sonic listings (if available) would provide the most granular data. As of July 27, 2025, the latest DefiLlama data shows overall DeFi TVL at $140.645 billion across all chains but does not list Sonic separately in the summary results.
In summary, the Sonic network's DeFi ecosystem is experiencing significant growth, with Euler, Stability, and Shadow leading the way. The network's predictable gas fees and scalable infrastructure have contributed to this growth, and the outlook for Sonic's DeFi projects remains favorable within the broader positive DeFi market environment.
- The surge in Euler's TVL on Sonic, reaching over $17 million within less than two weeks, demonstrates its strength in the Sonic finance scene, making it a notable player in the news of Sonic DeFi apps.
- The rapid growth of Stability on Sonic, with a TVL surge of nearly 3,000% in a week, and Shadow, now the largest decentralised exchange on Sonic, indicate a promising future for technology integration within the Sonic network.
